Alamo, Texas Property Taxes
The median property tax rate in Alamo, TX is 1.55%, higher than both the national median of 0.99% and the Texas state median of 1.67%. With the median home value in Alamo, the typical annual property tax bill reaches $1,286, which is below the national median of $2,690. Property taxes in Alamo are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alamo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Alamo or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alamo, Texas Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
$2,192
$1,148
Average Alamo, Texas Tax Savings
Ownwell’s Alamo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alamo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alamo to estimate your property tax bill. This insightful tool not only helps you understand potential tax liabilities but also illustrates how Ownwell can assist in reducing property taxes in Alamo. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alamo, Texas
Property taxes in Alamo, Texas, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alamo is 1.55%, higher than both the Texas state median and the U.S. national median of 0.99%. Local government entities within Alamo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alamo estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Alamo's effective property tax rate to other counties in Texas and the national median. For comparison, the 78516 zip code has the highest median property tax rate of 1.55%, while the 78516 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Alamo provides valuable insights into the varying tax landscape across Hidalgo County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alamo Tax Rate
1.55%
Average Hidalgo County Tax Rate
1.72%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alamo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78516 | 0.58% | 0.99% | 1.55% | 1.98% | 2.32% |
Source: Ownwell
$1,148
Average Alamo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Assessment Values Across Alamo, Texas
In Alamo, Texas, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hidalgo County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Alamo, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Alamo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Alamo are both $1,286, found in the 78516 zip code.
Average Alamo Assessed Value
$99,876
Average Hidalgo County Assessed Value
$133,156
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alamo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78516 | $32,736 | $59,653 | $99,876 | $167,022 | $231,842 |
Source: Ownwell
$1,148
Average Alamo Tax Savings
Save on your property taxes & more with Ownwell.
Property Tax Bills Across Alamo, Texas
In Alamo, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the Hidalgo County Appraisal District. The median home price in Alamo is $99,876. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and market conditions influence the assessed value. Homeowners in Alamo can see tax bills ranging from $706 at the 25th percentile to $4,299 at the 90th percentile, with a notable concentration around the median tax bill of $1,286. High property taxes can significantly impact homeowners, increasing monthly expenses and affecting long-term financial planning. Ownwell can assist homeowners by providing expert property tax appeal and exemption services. Our team works to ensure that your property is accurately assessed and that you benefit from all applicable exemptions, potentially lowering your tax bill. By leveraging our expertise, homeowners can achieve substantial savings and reduce the financial burden of property taxes.
Average Alamo Tax Bill
$1,286
Average Hidalgo County Tax Bill
$1,928
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Alamo, Texas
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 78516 | $368 | $706 | $1,286 | $2,680 | $4,299 |
Source: Ownwell
$1,148
Average Alamo Tax Savings
Save on your property taxes & more with Ownwell.
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 20 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Hidalgo Appraisal District | |
| Phone | (956) 381-8466 |
| Website | esearch.hidalgoad.org |
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